Here’s a clue to where the money is flowing: $SOXLB falls below the 60 level
Key levels usually attract a large number of resting orders. This is where big players like to make their move: either they push the price below the level to trigger stop-losses, then pull it back up, or they really drive it lower. To tell the difference, look at which direction the large orders near that price level are concentrated.
Key levels usually attract a large number of resting orders. This is where big players like to make their move: either they push the price below the level to trigger stop-losses, then pull it back up, or they really drive it lower. To tell the difference, look at which direction the large orders near that price level are concentrated.